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Quarterly FCPA Report: First Quarter 2011

April 07, 2011

By The Global Compliance and Disputes Practice

Following 2010s record year of Foreign Corrupt Practices Act (FCPA) enforcement, 2011 began steadily with four company and seven individual defendants one of which included a blockbuster forfeiture and with a flurry of litigation activity challenging DOJs prosecution theories and tactics. Individual defendants in various cases filed during 2009 and 2010 challenged long-standing definitions of key components of the FCPA. In total, there were four corporate settlements of U.S. Securities and Exchange Commission (SEC) charges, two of which also entered into deferred prosecution agreements with the U.S. Department of Justice (DOJ). There were also five guilty pleas, two sentencing decisions, and one settlement with the SEC by individual defendants.

Contributors

Image: Jennifer D Riddle
Jennifer D Riddle
Of Counsel, Litigation Department

Image: Chris Hardjasa
Chris Hardjasa
Associate, Litigation Department